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Thanks. Yes, I already doubted if this is a pennant or not. But as for the rectangle: The problem that I've got with this rectangle is that the upper side of this rectangle was exactly confirmed by two highs. That's IMO a bit sparse. Instead, if I draw the declining line of a pennant, I get...

If you're looking at the ZC futures and drawing your trendline a little bit steeper, you can see the breakout already. ;)

Hi folks, I'm keen on getting some feedback. I've just made this trade here, and just a while ago, my stop-loss order was been hit. It looks like a bullish consolidation, the price is above all MAs (except the 200's SMA). Until today, it seemed like the bullish pennant was completely valid...

Don't know if it was in "Market Wizards" or "Unknown Market Wizards": There was a trader interviewed who was trading in George Soros' fund. George said to him, if he is really sure about a trade, he should "crank it up"... I know, this might be no trading advice but investment advice. Maybe he...

I would simply draw this declining trendline on a weekly timeframe and trade accordingly. Otherwise, you could see this current formation also as double bottom and then trade the break of the local high ...

Make the leap and the net will appear. [unkown source] Can I ask how big your depot size is? So will you be happy with 40 % profit/year or rather 400 %? ;)

This is exactly my plan. ;) RBOB and CT have both created in the current contract regarding my technicals a bullish signal. But I wanted to buy in CT rather the Jul contract which looks different and has no bullish signal yet. Regarding RBOB the later expiring contracts have a far higher price...

Different products. Among others ZC, CT and RBOB.

I've just finished this one here: Good read IMO.

Thanks for the quick answers! I was avoiding rolling over my trade because I thought that I'll be losing with each rollover some profits from the position - that's why I was looking at the later contracts as well. But yeah, they are, of course, priced differently...

Hi folks, because I'm starting to trade futures instead of ETFs now a question arouse in my mind: Because I want to stay longer in the trade I tend to buy a later expiring contract (i.e. September). But I think most people are trading and looking at the current contract. With some futures I've...